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15 Jul 2025 11:04
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  •   Home > News > Business

    OPEC and Russia have agreed a deal to cut global oil production to 10 million barrels a day until July 1, and then eight million a day until the end of year

    OPEC and Russia have agreed a deal to cut global oil production to 10 million barrels a day until July 1, and then eight million a day until the end of year


    The move is aimed at limiting a crash in prices that has pushed energy companies toward bankruptcy.

    However there are also reports suggesting the deal is was hanging in the balance, with Kuwait's oil minister saying Mexico had disrupted the proposed accord.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     15 Jul: The Commerce Commission is taking action against Foodstuffs North Island and Gilmours Wholesale, alleging cartel behaviour
     15 Jul: Prices are up 2.2 percent in both Christchurch City, and in Canterbury overall
     14 Jul: Meal-kit company HelloFresh has pleaded guilty to five charges of misleading customers
     14 Jul: Continued tough news for our economy -- with the service sector still not back in recovery mode
     14 Jul: Retail spending's risen in June, as Kiwis fork out for a winter wardrobe
     14 Jul: The Education Minister wants to build our numbers of overseas students
     14 Jul: Attempts to patch up what's being described as our broken energy market, don't yet stretch far enough
     Top Stories

    RUGBY RUGBY
    Coach Scott Robertson's laying down a challenge to the All Blacks squad with their series against France already in the bag ahead of the third and final test More...


    BUSINESS BUSINESS
    The Commerce Commission is taking action against Foodstuffs North Island and Gilmours Wholesale, alleging cartel behaviour More...



     Today's News

    Business:
    The Commerce Commission is taking action against Foodstuffs North Island and Gilmours Wholesale, alleging cartel behaviour 10:57

    Living & Travel:
    An anonymous benefactor's generosity is funding a 50-thousand-dollar reward for information on the deaths of three sea lions in Southland 10:47

    Entertainment:
    Danny Devito has revealed that his friend Jack Nicholson is doing "great" 10:40

    Politics:
    Chris Hipkins is defending the polytech merger, as the Government pushes ahead with unwinding it 10:27

    Entertainment:
    Jeremy Renner "bullied his body" into surviving the injuries from his snowplough accident 10:10

    Soccer:
    New Wellington Phoenix striker Ifeanya Eze is aware of the expectations ahead of him in football's A-League 10:07

    Cricket:
    The West Indies have avoided sharing the mantle with New Zealand for the lowest completed test cricket innings by one run on the third day of the third match in Jamaica 10:07

    International:
    How Trump's ex-wife Marla Maples helped birth the wellness movement reshaping America 10:07

    Accident and Emergency:
    A woman has died, two days after a two-vehicle crash on State Highway 1, south of Hampden in Otago, on Sunday afternoon 10:07

    Entertainment:
    James Brolin came extremely close to playing James Bond 9:40


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